Thursday, August 26, 2010

Republican Lies

"All truths are easy to understand once they are discovered; the point is to discover them."

~Galileo Galilei


This was too good not to reprint. Sometimes the truth will trump a lie. That is what this is about. The Republicans and their shills FOX have been lying about the expiration of the Bush tax cuts. Screaming that it will tax the middle class but the truth is it will hit to top 2% of wealthy Americans. Sorry Jerry. Jerry is a friend who feels that it is directly effecting him and maybe it does but, hey get over it. Read on and learn the truth.

"Republican Lies On The Bush Tax Cuts

posted by HOWARD GLECKMAN

The story goes that when Lyndon Johnson was losing his first congressional election he put out the word that his opponent was having sex with barnyard animals. An aide innocently warned Johnson that this wasn’t true. “Make the SOB deny it,” LBJ was said to have replied.

If you go to the Website of House Ways & Means Republicans, you will see this:

countdown-tax-hikes.jpg

Meanwhile, Fox Business is running a graphic that includes another one of these ominous digital clocks, this time counting down to what it calls “the largest tax hike ever.”

largest-tax-hike.jpg

All this drama is about the coming expiration of the Bush tax cuts, of course. But what else do these two allegations have in common? They are both utterly untrue.

To start, not a single important Democrat favors letting all the Bush tax cuts expire at the end of the year, as the Ways & Means Republicans allege. Ever since his campaign for president, Barack Obama has vowed not to raise taxes for anyone making $200,000 or less—a pledge I wish he had never made, but one he has nonetheless kept. His 2011 budget explicitly calls for extending nearly all of those tax cuts (except for the highest-earning 3 percent of taxpayers). Finance Committee chairman Max Baucus (D-MT), Senate Democratic leader Harry Reid (D-NV), House Speaker Nancy Pelosi (D-CA) and Ways & Means Committee chairman Sandy Levin (D-MI) all favor continuing the tax cuts, at least for the middle class. Relative to current law, this would cut taxes by $3 trillion over 10 years. So to say that “on Jan. 1, 2011, Democrats will drop a $3.8 trillion tax increase on American small businesses and families” is–not to put too fine a point on it–a lie." Reprint from Business in The Beltway

Shit they don't want you to think about.


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